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As China eases Covid restrictions, Club stocks stand to gain

As China eases Covid restrictions, Club stocks stand to gain
As China eases Covid restrictions Club stocks stand to gain

Although domestic travel in China continues to be jeopardized by Covid-19 outbreaks and lockdowns, international flights have doubled since June.

Bloomberg | Bloomberg | Getty Images

The Chinese government’s move Wednesday to further roll back strict Covid-19 measures should boost the prospects for a host of Club holdings with substantial operations in China, including Estee Lauder (EL), Wynn Resorts (WYNN) and Starbucks (SBUX), all of which have been weighed down by nearly three years of lockdowns.

[souce cnbc]

Written by Susan Bellini